{
  "docId": "019dd923-5e88-73ef-bd5a-e586162e7de3",
  "docSlug": "ac50130fbe3a3c40",
  "documentTitle": "guide to the markets au",
  "authorId": "JPMorgan",
  "authorName": "J.P. Morgan Asset Management",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.414,
  "pageNumber": 74,
  "pageCount": 81,
  "prevPage": 73,
  "nextPage": 75,
  "slideType": "data_table",
  "function": "analyze_data",
  "density": "balanced",
  "nDataPoints": 1,
  "notes": "The chart illustrates the shifting relationship between stocks and bonds, highlighting periods of positive and negative correlation.",
  "elementsJson": [
    "headline_text",
    "line_chart",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5a-e586162e7de3/74",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5a-e586162e7de3",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5a-e586162e7de3.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5a-e586162e7de3#slide-74",
  "components": [
    {
      "bbox": {
        "h": 0.65,
        "w": 0.85,
        "x": 0.08,
        "y": 0.18
      },
      "kind": "chart",
      "text": "Weekly rolling correlation of U.S. equities and U.S. Treasuries",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2b96cb12-0f64-4a93-b340-5a7685b078aa",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.8,
        "x": 0.08,
        "y": 0.91
      },
      "kind": "disclaimer",
      "text": "Source: Bloomberg L.P., FactSet, Standard & Poor's, J.P. Morgan Asset Management. Rolling six-month and one-year correlations between weekly returns in the S&P 500 Index and the Bloomberg Barclays U.S. Aggregate Government Treasuries Index. Guide to the Markets – Australia. Data as of 31 March 2026.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4cc8aae3-a362-40a4-afbb-46e8cd2cedef",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.3,
        "x": 0.11,
        "y": 0.835
      },
      "kind": "legend",
      "text": "Six-month correlation; One-year correlation",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f27aa19c-304a-49c1-891e-48654cd4b662",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Correlation coefficient",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-28ab-7545-a2ae-412a588cb87a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.35,
        "x": 0.08,
        "y": 0.09
      },
      "kind": "title",
      "text": "Stock-bond correlation",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7b72cdf3-39d9-480d-b908-dcd12752799a",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 80,
      "from": 5,
      "beatId": "5a54f17d-02a1-4b4b-b11d-ba1f67b4a5c0",
      "arcName": "The Sparkline",
      "arcSlug": "sparkline",
      "beatName": "Evidence",
      "beatSlug": "evidence",
      "evidence": "The extensive use of data tables, KPI dashboards, and industry trends to support the analysis and insights provided.",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}